I claim 4 dependents throughout the year and my paychecks are $961.38 Bi-weekly.” before taxes ”
My husband also claims 4 (big mistake yes), throughout the year and his paychecks are $980.62 before taxes
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3. January 2010 at 10:47 pm
That is entirely up to you, especially if you don’t owe at the end of the year.
visit IRS website http://www.irs.gov and use the withholding calculator.
If you are comfortable with the amount being withheld and you don’t owe IRS seems like you are doing it just right.
3. January 2010 at 10:47 pm
In order to arrive at the most accurate answer you would need to complete the W-4 worksheet, which is available at IRS.gov.
http://www.irs.gov/pub/irs-pdf/fw4.pdf
We generally recommend that our clients claim between 1 and 3 allowances depending upon thier preference to treat their refund as a form of forced savings.
3. January 2010 at 10:47 pm
there may not be enough information to answer this question…however if you type go to irs.gov and look at the withholding calculator it can give you a good idea of what to withhold
3. January 2010 at 10:47 pm
If I were president, you and your husband would have nothing taken out of your checks.
3. January 2010 at 10:47 pm
http://www.paycheckcity.com